https://www.nationalreview.com/2021/12/the-extraordinary-hidden-costs-of-the-climate-change-transition/?utm_source=
How climate policy will weaken the West
T o achieve per capita economic growth, an economy must either produce goods and services that were not previously produced or produce the existing goods and services in a more efficient way. If an economy continues to produce the old goods and services but replaces the inputs with a more costly set of inputs, per capita growth will be negative. Such an economy would become poorer over time and less wealthy in per capita terms. This is the likely future of the U.S. and Europe as they stumble their way toward an effort to transition their economies to a different, more expensive, set of energy sources.
If, as a homeowner, you were suddenly told that you needed to rebuild your home with a whole new set of more costly materials, you would not be pleased. But if the goal of this costly rebuilding were saving the planet, you might tolerate the transition.
Hoping to spare you and your neighbors the harmful effects of your current building materials, you begin the transition. The fact that there is a target date for this transition will, of course, dramatically increase the costs of this transition, which will be considerable in any event. When the transition is complete, you will have less wealth than you would have had, had there been no such transition. But you say to yourself, at least I am doing some future good for me and my neighbors. Saving the planet seems like a worthwhile goal.
Looking down the block you see multiple new homes being constructed utilizing the exact same materials that you are being asked to remove from your house. These materials are much cheaper than those used in the project on which you embarked, and thus your neighbors, constructing their new homes, will likely be prospering by producing their homes, identical to yours in most respects, by using the cheaper building materials.